Maxi Basic Home Loan
Economy Maxi Basic Home Loan
At a time when so many Australian families are concerned about the economy and interest rates, the Economy Maxi Basic home loan offers value with a low interest rate, no application fee and no ongoing fees.
This home loan will suit:
- Home owners wanting to lower their current repayments
- First home buyers looking for an affordable home loan
Enjoy these benefits:
- Low rate
- No account keeping fees
- The flexibility to repay extra and redraw funds when you need them
Key Home Loan Features
Who is this home loan for?
Owner occupied or investment property purchases, re-financing existing residential or investment
How much can you borrow with this loan?
From $50,000 to $1,000,000 per security property
What is the maximum amount I can borrow against the value of my property?
90% (conditions apply)* Where the borrowing is for a new loan, the LMI premium can be capitalised to bring the LVR above 90% to a maximum of 95%.
Is there an application fee?
No
Are there ongoing fees?
No
Is Lenders Mortgage Insurance payable?
Lenders Mortgage Insurance is payable if the amount borrowed is greater than $600K and/or the LVR is greater than 80% of the value of the property (conditions apply)*
The maximum loan term?
30 Years
Can I make interest only repayments?
Yes, up to 10 years
Repayment frequency
Weekly, fortnightly or monthly by electronic direct debit or direct salary credit. Extra repayments can be made on variable loans.
Can I split the loan?
Yes, up to 6 separate splits per facility.
Is there a re-draw facility?
Yes, unlimited re-draw at no cost. $100 minimum redraw amount.
Internet Banking
Yes, both Internet banking and telephone banking available
